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FEDERAL RESERVE BANK OF NEW YORK Certificates of Indebtedness Department T C i r c u l a r N o . 4 8 1 , August 8, 1922 1 [ Reference to Circulars 477, 478 and 479 J Subscription Books Closed For 4% Victory Notes Tendered in Payment of 4Ji Treasury Notes To all Banks, Trust Companies, Savings Banks, Bankers, Investment Dealers and Principal Corporations in the Second Federal Reserve District: As previously announced by the Secretary of the Treasury exchanges of 4% per cent. Victory notes for new 434 per cent. 4-year Treasury notes of Series B-1926 stopped at the close of business today, Tuesday, August 8, 1922. No further exchanges for these notes can therefore be made. Very truly yours, BENJ. STRONG, Governor
@FedFRASER